Credit Rating and Required Rate of Return: Suppose you and Warren Buffett borrow money from a bank. The bank will assess your credit ratings differently. Maybe the bank could offer Warren Buffett a loan without interest since it can be advertised as a bank used by the renowned investor. However, it will likely charge you interest because you have a lower credit rating and less fame than Warren Buffett. The interest rate each borrower faces, based on their creditworthiness, is called the required rate of return for creditors. Under the same conditions, the cost of poverty is much higher for the poor than for the rich. Poverty inherently involves costs. - Joseph’s “just my thoughts”
Corn is a mysterious plant. It is the most viable crop on Earth, but it can only survive with human touch. Corn kernels look like plants born from the premise of human care, as the thick shells wrapping around the corn kernels can rot them if human hands do not peel the shells off. The more corn ripens, the more sugar converts to starch. Therefore, it’s delicious if you harvest it quickly and eat it immediately. - Joseph’s “just my thoughts”